INOX India Limited vs Garware Hi-Tech Films Limited
An objective side-by-side of INOXINDIA and GRWRHITECH, both in Packaging: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: INOXINDIA Jun 2026 · GRWRHITECH Mar 2026
At a glance
- INOX India Limited is the larger company by market value, about 1.3 times the size of Garware Hi-Tech Films Limited.
- On trailing earnings, Garware Hi-Tech Films Limited trades at the lower P/E (44.4 against 75.2).
- INOX India Limited earns the higher return on equity (22.6% against 12.7%).
- Over three years Garware Hi-Tech Films Limited has grown profits faster (27% a year against 19%).
- Over the past year the share prices returned +71.0% (INOXINDIA) and +93.7% (GRWRHITECH).
| Metric | INOX India INOXINDIA |
Garware Hi-Tech GRWRHITECH |
|---|---|---|
| Size and price | ||
| Market cap | ₹18,996 Cr | ₹14,995 Cr |
| Share price | ₹2,089 | ₹6,454 |
| Valuation | ||
| P/E | 75.19 | 44.36 |
| P/B | 17.01 | 5.65 |
| EV/EBITDA | 56.10 | 34.57 |
| PEG | 3.96 | 1.64 |
| Dividend yield | 0.1% | 0.2% |
| Profitability | ||
| ROE | 22.6% | 12.7% |
| ROCE | 33.0% | 18.0% |
| Operating margin | 21.0% | 20.5% |
| Sales (TTM) | ₹1,616 Cr | ₹2,120 Cr |
| Net profit (TTM) | ₹253 Cr | ₹338 Cr |
| Growth | ||
| Latest quarter sales YoY | +9.1% | +9.0% |
| Latest quarter profit YoY | -4.8% | +38.8% |
| Sales CAGR 3Y | +18.0% | +14.0% |
| Profit CAGR 3Y | +19.0% | +27.0% |
| Sales CAGR 5Y | +22.0% | +16.0% |
| Profit CAGR 5Y | +22.0% | +22.0% |
| Financial strength | ||
| Debt/Equity | 0.07 | 0.01 |
| Interest cover | 32.54 | 48.58 |
| Ownership | ||
| Promoter holding | 75.0% | 60.7% |
| Promoter change (4 qtrs) | +0.00 pp | -0.01 pp |
| Price performance | ||
| Return 1M | +8.61% | -9.21% |
| Return 3M | +2.37% | -7.38% |
| Return 1Y | +71.04% | +93.69% |
| Return YTD | +84.22% | +107.55% |
| Technical condition | ||
| Technical score | 54 | 28 |
| RS rating (1-99) | 90.00 | 89.00 |
| % vs 200-DMA | +37.91% | +27.38% |
| RSI (14) | 51.05 | 37.03 |
| % from 52-week high | -10.70% | -19.22% |
